Tuesday, January 18, 2005

Westell Reports Strong Demand for Wireless Gateway

Westell Technologies reported quarterly revenue of $74.5 million up 24% from $60.0 million in the same quarter of last year and up 21% from $61.4 million in the quarter ended September 30, 2004. Net income for the December quarter of $3.7 million, or $0.05 per diluted share, which includes tax expense of $2.6 million, or $0.04 per diluted share.

"Our Customer Networking Equipment revenue performance in the December quarter was well beyond our expectations. The early success of our new wireless gateway product, VersaLink, far exceeded even our most optimistic forecast," said Van Cullens, Westell President and CEO.


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